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  5. Ascent Acquires Tekaris

M&A Deal Summary

Ascent Acquires Tekaris

On September 1, 2022, Ascent acquired information technology company Tekaris

Acquisition Highlights
  • This is Ascent’s 1st transaction in the Information Technology sector.
  • This is Ascent’s 1st transaction in Germany.

M&A Deal Summary
Date 2022-09-01
Target Tekaris
Sector Information Technology
Buyer(s) Ascent
Deal Type Add-on Acquisition

Target

Tekaris

Munich, Germany
Tekaris is a software development house with strong data analytics and cloud integration capabilities. Tekaris helps customers in (re)insurance, retail, and health to design, implement and run ambitious software systems. Its teams combine software development and architectural skills with data engineering and business intelligence. Tekaris was founded in 2010 and is based in Munich, Germany.

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Buyer(S) 1

Buyer

Ascent

Bristol, United Kingdom
Category Company
Founded 2005
Sector Information Technology
Employees550
DESCRIPTION

Ascent is a European AI and digital services business, helping organisations worldwide connect data, software, and cloud to help customers modernise and innovate, delivering change and scale with less friction and more certainty. Its teams of experts span AI, data science and user experience design, software and data engineering, collaborating with customers to transform operational efficiency, competitive advantage, decision-making and user engagement. Ascent was founded in 2005 and is headquartered in the UK and Munich.

DEAL STATS #
Overall 4 of 4
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
Country: Germany M&A 1 of 1
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-04 BiLD Analytics

Lisbon, Portugal

BiLD Analytics is a cloud-first data engineering, BI and analytics consultancy. BiLD Analytics was founded in 2018 and is based in Lisbon, Portugal.

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